select all the correct answers. which two strategies can help producers gain customers in a competitive…

select all the correct answers. which two strategies can help producers gain customers in a competitive market economy? lowering prices increasing prices improving quality increasing workforce decreasing costs of production

select all the correct answers. which two strategies can help producers gain customers in a competitive market economy? lowering prices increasing prices improving quality increasing workforce decreasing costs of production

Answer

Answer:

  • lowering prices
  • improving quality

Brief Explanations:

In a competitive market, lowering prices can attract price - sensitive customers, and improving quality can attract customers who value better products. Increasing prices usually drives customers away, increasing workforce may not directly attract customers, and decreasing production costs is more an internal efficiency measure rather than a customer - attracting strategy.